The AES Co. (NYSE:AES) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP increased its holdings in The AES Co. (NYSE:AES) by 23.2% during the fourth quarter, Holdings Channel reports. The firm owned 251,888 shares of the utilities provider’s stock after purchasing an additional 47,507 shares during the period. Quantbot Technologies LP’s holdings in AES were worth $3,242,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AES. Millburn Ridgefield Corp bought a new stake in shares of AES in the 3rd quarter worth approximately $28,000. SRS Capital Advisors Inc. raised its holdings in shares of AES by 190.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 1,581 shares in the last quarter. WR Wealth Planners LLC raised its holdings in shares of AES by 93.3% in the 4th quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 1,369 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of AES in the 3rd quarter worth approximately $63,000. Finally, AlphaQuest LLC raised its holdings in shares of AES by 18,047.1% in the 4th quarter. AlphaQuest LLC now owns 6,170 shares of the utilities provider’s stock worth $79,000 after purchasing an additional 6,136 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Hsbc Global Res upgraded shares of AES to a “strong-buy” rating in a report on Friday, December 13th. Seaport Res Ptn lowered shares of AES from a “hold” rating to a “strong sell” rating in a report on Monday, March 3rd. Barclays cut their price target on shares of AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Susquehanna cut their price target on shares of AES from $16.00 to $15.00 and set a “positive” rating on the stock in a report on Wednesday, March 5th. Finally, HSBC assumed coverage on shares of AES in a report on Friday, December 13th. They set a “buy” rating and a $17.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, AES presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.30.

AES Stock Down 0.7 %

AES stock opened at $13.07 on Friday. The AES Co. has a 12-month low of $9.88 and a 12-month high of $22.21. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 0.82 and a beta of 0.94. The company has a 50 day moving average of $11.28 and a two-hundred day moving average of $13.97.

AES (NYSE:AES) last released its earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.20. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.07 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. During the same quarter in the prior year, the firm earned $0.73 EPS. On average, equities analysts anticipate that The AES Co. will post 1.93 earnings per share for the current fiscal year.

AES Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.176 per share. The ex-dividend date is Thursday, May 1st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.39%. AES’s dividend payout ratio is currently 29.54%.

AES Profile

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.